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South Korea property scandal hurts Moon ahead of key polls

Approval rating falls to new low weeks before Seoul and Busan mayor elections

Civic activists and local residents protest against alleged land speculation by employees of the state-run Korea Land and Housing Corp. The scandal is hurting support for South Korean President Moon Jae-in and his ruling party. (Source photos by Reuters and EPA/Yonhap/Jiji) 

SEOUL -- A property speculation scandal has sent South Korean President Moon Jae-in's approval rating crashing to its lowest level since he took office in 2017.

Support for the president fell to 34.1%, down 3.6 percentage points from a week earlier, Realmeter said on Monday. Moon's disapproval rating also jumped to a record high 62.2%.

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